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A Key Assumption of the Public Choice Model Is That

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Essay

A key assumption of the public choice model is that government policymakers will pursue their own self-interests.Economists assume that consumers and firms pursue their own self-interests when they interact in competitive markets and this interaction results in efficient economic outcomes.Does the pursuit of self-interest by policymakers result in efficient economic outcomes?


Definitions:

Court System

The organizational structure of courts that interprets and applies the law in the name of the state or country, consisting of various levels, including trial and appellate courts.

Civil Action

A lawsuit between private parties or organizations, which often involves seeking monetary compensation or specific performance.

Successful Litigant

A party that prevails in a legal action, achieving a favorable outcome or judgment in court.

Enforcing Judgment

The legal process of ensuring compliance or execution of a court's decision, often involving measures such as seizing property or garnishing wages to satisfy a financial award.

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